Powering Financial Institutions with Generative AI
Streamline operations. Maximize insights.
Trusted Partners
How does AI give your company an edge?
Generative AI and Large Language Models are revolutionizing the software industry by granting them the ability to read, analyze, and explain text documents—from policy documents to claims files. Novo AI is at the forefront, bringing these capabilities to the insurance sector, streamlining processes like claims processing and customer support that were traditionally handled by humans.
For Insurance Companies
Understand Your Claim Documents
Our AI efficiently extracts data on claim documents, whether that's hospital invoices, police reports, or legal correspondence.
Automate Claims Processing
Leverage our AI to match billable items with the customer's policy document.
Optimize Pricing Strategies
Understand your claim documents down to the finest details. Which doctor is the most expensive? Which workshop is overcharging? Use AI to monitor and analyze price trends, identifying what drives costs in your offerings. Adjust to a dynamic market.
Improve Customer Satisfaction
Equip your customer support with AI-driven tools to quickly and accurately explain coverage decisions to customers.
For Banks
Automate Document Processing
Bill of lading, invoices, packing lists, bank statements... our solutions can read them across 60+ major languages. Stop setting up new operation centers; start gathering insights from your documents.
Simplify Adverse Media Screenings
Conduct due diligence with the help of AI. Research on live internet data efficiently and intelligently.